KCEG FOUNDATION: Form 990PF, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
KCEG FOUNDATION (EIN 13-7103161)
Tax period
2021-01-01 to 2021-12-31
Filed
2022-11-09
IRS object ID
202243139349101524
Schema version
2021v4.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2022-11-09T10:32:24-08:00ReturnTs
Tax Period End2021-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN133558774PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Bernath & Rosenberg PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11430 Broadway 7th FloorAddressLine1Txt
CityNew YorkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10018ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2021-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN137103161EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1KCEG FOUNDATION THEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlKCEGBusinessNameControlTxt
Phone8454257676PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line127 ROBERT PITT DRIVEAddressLine1Txt
CityMONSEYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10952ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonEPHRAIM GROSSMANPersonNm
Person TitleTrusteePersonTitleTxt
Signature2022-11-09SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstEPHRAIMPersonFirstNm
Person LastGROSSMANPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonJames H BernathPreparerPersonNm
PTINP00187297PTIN
Phone2122211140PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$3,846,816FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$100,680ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss$8,981InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$8,981InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss$224DividendsRevAndExpnssAmt
Dividends Net Invst Incm$224DividendsNetInvstIncmAmt
Total Rev And Expnss$109,885TotalRevAndExpnssAmt
Total Net Invst Incm$9,205TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$1,568AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$784AccountingFeesNetInvstIncmAmt
Accounting Fees Chrtbl Prps$784AccountingFeesChrtblPrpsAmt
Taxes Rev And Expnss$56TaxesRevAndExpnssAmt
Taxes Net Invst Incm$56TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$36,176OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$150OtherExpensesNetInvstIncmAmt
Other Expenses Dsbrs Chrtbl$331OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss$37,800TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$990TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$1,115TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$359,375ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$359,375ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$397,175TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$990TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$360,490TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$287,290ExcessRevenueOverExpensesAmt
Net Investment Income$8,215NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$78,720CashBOYAmt
Cash EOY$490,552CashEOYAmt
Cash EOYFMV$490,552CashEOYFMVAmt
Sav And Temp Cash Invst BOY$2,900,476SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$3,000,094SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$3,000,094SavAndTempCashInvstEOYFMVAmt
Other Nts And Loans Rcvbl$75,000OtherNtsAndLoansRcvblAmt
Other Nts And Loans Rcvbl BOY$476,000OtherNtsAndLoansRcvblBOYAmt
Other Nts And Loans Rcvbl EOY$75,000OtherNtsAndLoansRcvblEOYAmt
Other Nts And Loans Rcvbl EOYFMV$75,000OtherNtsAndLoansRcvblEOYFMVAmt
Corporate Stock EOY$100,680CorporateStockEOYAmt
Corporate Stock EOYFMV$102,484CorporateStockEOYFMVAmt
Other Investments BOY$708,744OtherInvestmentsBOYAmt
Other Investments EOY$208,744OtherInvestmentsEOYAmt
Other Investments EOYFMV$178,686OtherInvestmentsEOYFMVAmt
Total Assets BOY$4,163,940TotalAssetsBOYAmt
Total Assets EOY$3,875,070TotalAssetsEOYAmt
Total Assets EOYFMV$3,846,816TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$4,163,940RetainedEarningBOYAmt
Retained Earning EOY$3,875,070RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$4,163,940TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$3,875,070TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$4,163,940TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$3,875,070TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$4,163,940TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$287,290ExcessRevenueOverExpensesAmt
Subtotal$3,876,650SubtotalAmt
Other Decreases$1,580OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$3,875,070TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$114InvestmentIncomeExciseTaxAmt
Subtotal$114SubtotalAmt
Tax Based On Investment Income$114TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$229EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$229TotalPaymentsAndCreditsAmt
Overpayment$115OverpaymentAmt
Applied To ES Tax$115AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateNYOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1EPHRAIM GROSSMANBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone8454257676PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line127 ROBERT PITT DRIVEAddressLine1Txt
CityMONSEYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10952ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
EPHRAIM GROSSMAN
16 SUNRISE DRIVEMONSEYNY10952Trustee1.25$0
HENDEL GROSSMAN
16 SUNRISE DRIVEMONSEYNY10952Trustee0.50$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$24,683AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$3,448,444AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$3,473,127TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$3,473,127AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$52,097CashDeemedCharitableAmt
Net Vl Noncharitable Assets$3,421,030NetVlNoncharitableAssetsAmt
Minimum Investment Return$171,052MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$171,052MinimumInvestmentReturnAmt
Tax Based On Investment Income$114TaxBasedOnInvestmentIncomeAmt
Total Tax$114TotalTaxAmt
Distributable Before Adj$170,938DistributableBeforeAdjAmt
Distributable Before Ded$170,938DistributableBeforeDedAmt
Distributable As Adjusted$170,938DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$360,490ExpensesAndContributionsAmt
Qualifying Distributions$360,490QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$170,938DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$493,868ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$576,489ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$365,225ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$330,170ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$348,229ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$2,113,981TotalExcessDistributionCyovAmt
Qualifying Distributions$360,490QualifyingDistributionsAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Applied To Current Year$170,938AppliedToCurrentYearAmt
Remaining Distri From Corpus$189,552RemainingDistriFromCorpusAmt
Total Corpus$2,303,533TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$493,868ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$1,809,665ExcessDistriCyovToNextYrAmt
Excess From Year4$576,489ExcessFromYear4Amt
Excess From Year3$365,225ExcessFromYear3Amt
Excess From Year2$330,170ExcessFromYear2Amt
Excess From Year1$348,229ExcessFromYear1Amt
Excess From Current Year$189,552ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerEPHRAIM GROSSMANContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (10 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
BAIS MALKA
40 Grandview AveSpring ValleyNY10977NONEEXEMPTCHARITABLE$17,550
Yeshiva Bais Yehudah
72 Main StreetMonseyNY10952NONEEXEMPTCHARITABLE$45,890
Talmud Torah Machzikei Hadas
2 Warren CtMonseyNY10952NONEEXEMPTCHARITABLE$38,540
VARIOUS CHARITABLE ORGANIZATIONS
MonseymonseyNY10952NONEEXEMPTCHARITABLE$124,965
Kollel Belz
12 MAPLE TERMONSEYNY10952NONEEXEMPTCHARITABLE$34,840
Kupath Hadayanim
1 ALPINE CTSPRING VALLEYNY10977NONEEXEMPTCHARITABLE$15,550
CONGREGATION AHAVAS CHESED
70 LEFFERTS AVEBROOKLYNNY11203NONEEXEMPTCHARITABLE$17,760
Congregation Merkaz Olimi
1301 47 STREETBROOKLYNNY11219NONEEXEMPTCHARITABLE$21,300
YESHIVA AVIR YAAKOV
766 N Main StSpring ValleyNY10977NONEEXEMPTCHARITABLE$6,980
YEDEI CHESSED
48 SCOTLAND HILL RDCHESTNUT RIDGENY10977NONEEXEMPTCHARITABLE$36,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$359,375TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$8,981ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$224ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$9,205ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$9,205TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonEPHRAIM GROSSMANContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line116 SUNRISE DRIVEAddressLine1Txt
CityMONSEYCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10952ZIPCd
FieldValueIRS element (for citing)
Total Contributions$100,680TotalContributionsAmt
Noncash ContributionYes (X)NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Noncash PropertySECURITIESNoncashPropertyDesc
Fair Market Value$100,680FairMarketValueAmt

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryBERNATH AND ROSENBERGCategoryTxt
Amt$1,568Amt
Net Investment Income$784NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$784DisbursementsCharitablePrpsAmt

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

FieldValueIRS element (for citing)
StockCOMPUTERSHAREStockNm
EOY Book Value$100,680EOYBookValueAmt
EOYFMV$102,484EOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (2 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
MASS MUTUAL LIFE INSURANCE POLICYAT COST$208,744$178,686
MERRILL LYNCHAT COST

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescPRIOR PERIOD ADJUSTMENTDesc
Amt$1,580Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (4 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
BANK CHARGES$150$150
FILING FEE$250$250
INSURANCE$35,695
SUPPLIES$81$81

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryFOREIGN TAXCategoryTxt
Amt$56Amt
Net Investment Income$56NetInvestmentIncomeAmt

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